Oil prices are rising as South Africa’s economy contracts. Could inflation force the Reserve Bank to raise rates?
Brent crude rose above $105 a barrel as attacks on shipping and renewed Middle East hostilities heightened fears of supply disruptions.
Brent crude has moved closer to $100 a barrel as renewed US-Iran tensions disrupt shipping through the Strait of Hormuz, raising the risk of another South African fuel-price…
The rand strengthened, inflation eased and the food basket fell in August, but higher fuel costs and weak salary growth may limit household relief.
The Strait of Hormuz remains the key risk for oil markets this week, with higher crude prices threatening to add further pressure to fuel costs and inflation.